Vodafone's Indian unit spent $3 billion-plus in spectrum auction

India's telecoms ministry announced the results of the auction, which raised a total of $9.9 billion for the government, but did not immediately provide a breakdown of payments by individual operators.Reuters | October 06, 2016, 22:36 IST

Vodafone Group's Indian unit has bought spectrum worth more than 200 billion rupees ($3 billion) in a government auction that ended on Thursday, a source with knowledge of developments told Reuters.

India's telecoms ministry announced the results of the auction, which raised a total of $9.9 billion for the government, but did not immediately provide a breakdown of payments by individual operators.

Several people ET spoke with about Ericsson’s India operations, including its current and former employees, said the Stockholm-based firm has reduced headcount in the last one year or so across functions, in line with its global restructuring.